Assume you have the following data:

C= $300 + 0.625Y_d

I = $300

G =$600

EX - IM = 0

T = $200 + .2Y

Y^P= $1900

Solve for the demand function in terms of Y. For your answer, just put the intercept term for the demand function (don't forget the dollar sign, i.e. $2000)

What is the slope of the demand function? Round three decimal places

What is the equilibrium output? (Don't forget to add the dollar sign, example, $2000)

How much should the government change their spending in order to bring the economy to potential GDP? Make sure to include the $ sign in your answer. (Example $300 or -$300)

How much should the government change lump sum taxes in order to bring the economy to potential GDP? Make sure to include the $ sign in your answer. (Example $300 or -$300)